The Latest

President Obama signed legislation Thursday repealing the expanded 1099 reporting requirements in the health care reform law and Small Business Jobs Act.

The Internal Revenue Service issued final regulations Thursday lowering the initial enrollment and renewal of enrollment user fees for enrolled agents and enrolled retirement plan agents, and separating the enrolled retirement plan agent user fees from the enrolled agent user fees.

CCH has received Oracle’s nod for integrating two of its sales tax products with the latest Oracle E-Business Suite, allowing CCH to market the product specifically for Oracle users.

ALABAMA

Four female accountants at WithumSmith+Brown got a tax season surprise when Rachael Ray Show cameras ambushed their New Brunswick, N.J., office for a special makeover segment that aired last week.

P&N Tech, a division of Postlethwaite & Netterville, has earned the Advanced Wireless LAN Specialization from Cisco Systems.

A House committee has passed two bills that would prohibit people with seriously delinquent tax debts from receiving federal contracts or grants or serving as federal employees.

A bipartisan pair of senators has introduced a bill that would require most employers to file their W-2 forms electronically.

A new initiative at the Internal Revenue Service aimed at cracking down on high-income taxpayers with assets abroad has only managed to audit 13 returns since it was set up a year and a half ago.